Based in Poland, Erebor Capital invests in PC, console, and handheld game studios at various stages, with a particular focus on pre-seed to IPO companies. They currently have four studios in their portfolio, including Starward Industries, which is developing a first-person sci-fi thriller game based on a novel by Stanislaw Lem. Another studio, Plot Twist, is working on a metroidvania game that has been awarded as the "Most Wanted Xbox Game" at Gamescom 2022 and will be released as part of Game Pass. Erebor Capital also has investments in Event Horizon, which is developing a game called "Dark Envoy," and Wooden Alien, which is working on a social crafting survival game set in a cosmic prison. The firm is known for its genre-agnostic approach and its focus on premium games for PC, consoles, and handhelds.